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Virtual Reality Growth Driven by Entertainment and Enterprise Markets

Investment and growth in virtual and augmented reality technology continues to accelerate thanks to growing demand in the entertainment and enterprise markets, according to a report from a leading venture capital firm that specializes in the space.

The Venture Reality Fund makes the claim in its VR industry landscape report for the second half of 2017, highlighting a range of industry numbers covering 450 companies that are developing infrastructure, tools, platforms and applications for the VR ecosystem.

“Already topping $2.3 billion this year, global investment in VR and AR is tracking higher than any previous period, and at a more accelerated pace,” Tipatat Chennavasin, co-founder and general partner at The VR Fund, said in a statement. “The VR industry is healthy and growing steadily and we are seeing increased investor interest from traditional venture funds and new VR and AR focused funds alike.”